Recent content by PipStar

This may be of interest to those who are waiting for their funds from Fortress Prime: https://leaprate.com/2016/02/fortress-prime-still-in-business/

You are correct. It would have been nice for the thread starter called Winston to have posted that this case had been resolved when it was in March 2015. Anyway, I am glad to see that the case was found in favour of the trader.

Having an ABN and ACN only means that it is a company registered in Australia. It means nothing else. All Australian companies have an ABN and ACN. It says nothing about whether the company is trustworthy.

Let's get this right. The banks made possibly 50 Billion and get slapped with 3.34 Billion in fines. Crime pays and it will never stop because the profits made are worth the risk of paying a smaller fine.

FXDD used to be a very good forex broker. All this changed when the NFA and CFTC started to come up with all these restrictive regulations a few years ago. What happened next in my view is that FXDD was squeezed by these regulations and the need for high capital requirements. So they decided...

It's a well known delaying tactic that this broker has been using for years now. You open an account, they don't bother about checking your ID but request it by DHL at their leisure but at your expense when you want to withdraw. They investigate profits and don't have any problems with your...

I don't understand what you mean by the above 2 points as a broker cannot delete your trade logs if you mean the ones that are in: Open MT 4 platform/File/Open data folder/Logs/Double click on date to open trade log Take a look, it should all be there.

Why do you deposit money first and then try to find out later whether they are a legitimate company? You had enough time to investigate and find out that they are not regulated, not been around for long and no one could vouch for them which means it was very risky. I bet they rang you to ask you...

This type of problem regarding "fake" identity only happens with OctaFX. Strange isn't it since no other broker is reporting such problem. May be you should ask for ID documents when they open an account and not wait till they withdraw. But then again you expect everyone to lose their funds...

Thanks for sharing your experience but you are telling us what we already knew about Liteforex so the question is why did you open an account with them in the first place?

Seen all this before with many cases here at FPA and it rarely has a happy ending. Some people receive their money which gives hope to others that their funds are on its way, some receive part of their money and others nothing at all. In other words, the broker doesn't have enough money to pay...

Any broker that gives this excuse "Terms of Service Agreement: Latency exploitation in trading" to deny profits is normally a scam.

What's the problem if you are truly an ECN as you claim to be on your website?

Wow. You say that you are not a representative or employee of LiteForex and you suddenly appear only on LiteForex problem threads. And you are a satisfied client of Liteforex. What a coincidence. :rolleyes:

They are a dishonest broker who have a scam finding here at FPA. Little chance of getting your money unless you are able to take them to court.